This property in Woodbury, MN, with its 3 bedrooms and 2.5 baths, offers a notable rent potential, ranging from $2,249 to $3,054 monthly. Given its appealing features such as a large master suite with a Jacuzzi bath and community amenities like pools and tennis courts, it's quite attractive to renters. Current market conditions are favorable, with Woodbury being a sought-after neighborhood, enhancing its appeal. The estimated payback period is around 7 to 10 years, based on projected rental income. Challenges may include maintaining the property's condition and competitive pricing in a growing market.
To enhance the property's rental value, consider modernizing kitchen appliances and updating any dated fixtures. For the current owner contemplating selling, highlighting the community amenities and spacious interiors during marketing can be beneficial. A little curb appeal enhancement can also elevate its market standing. Offering flexibility in lease terms might attract a broader tenant pool, maximizing occupancy.